So you won the Mega Millions lottery jackpot What happens now?

In general, there are two ways for lottery payout: through a lottery lump sum or annuity The lump-sum option provides you an immediate but

Why? Lottery wins are subject to income tax in the year you receive the money If you take the lump sum option, the entire $10 million is

annuity vs lump sum lottery While annuity payments can be bequeathed to family members in the event of a winner's death, winners without family or heirs might be better

annuity lottery calculator On an estimated lump sum of $ million before taxes, the federal withholding is estimated to be $ million if 24% is withheld That